The actions of the U.S. Federal Reserve alone are not enough to slow the rate of inflation. This opinion was voiced by Kyle Szostak, founder of the New York-based consultancy Navigator Principal Investors, in an interview with RIA Novosti following Russian President Vladimir Putin's remarks that the U.S. regulator will have to take measures to curb inflation. Shostak noted that the high level of the latter is due to problems in international supply chains. In these conditions, the Fed cannot influence the growth of prices on its own-even if it raises the rates, the positive effect will only appear when the supply chains begin to seriously recover. There have been significant disruptions in almost every area of the economy, continuing to this day. If the issue was, for example, the residential real estate sector or labor costs, the actions of the regulator could help, but not in the current situation; in this regard, it makes no sense to accuse the Fed of inaction or excessive softness, the expert believes.